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otpp annual report

Each year, we report to our members, pensioners and other stakeholders on the progress we've made and our strategies for keeping the PSPP strong for the future. The CAAT Plan’s latest Annual Report, released April 23, 2019, details the Plan’s strong 2019 investment performance and its focus on benefit security and sustainability. Since it was formed in 1990, OTPP has maintained many of the elements that are now known as the “Canadian model”, which have been identified as tenets of good organisational design and investment practice. The fund argues that its people are its edge and that only through hiring and remunerating good investment professionals has it been able to implement the ideology that has made it so successful – innovation, low cost and good, consistent returns. Mock’s pension value increased by C$771,600 in 2016 and at the end of the year he had a balance of C$5,946,300. Annual Report — PDF/Adobe Acrobat (1 MB) Financial Reporting — PDF/Adobe Acrobat (630 KB) Report to … So Mock was paid C$2,208,000 from this account and so was left with a balance of C$6,623,805. I want to begin by thanking him for taking some time to speak to me on short notice and also thank Dan Madge for setting this call up. We Last" is their corporate motto and it's very fitting. This has produced stellar investment returns, reduced costs and sustained good performance. Annual reports Explore our Year in Review microsite to read about OPB’s key accomplishments and how we’ve served you, our valued members, in 2019 and download the 2019 Annual Report. Downloadable PDF Interactive PDF. HOOPP’s Annual Report provides full details of our financial results. On the January 12, 2004 episode of Rick Mercer Report, comedian Rick Mercer had a short segment about the Ontario Teachers' Pension Plan, in which he humorously contrasted the plan's beneficiaries (i.e. Assets of the plan had been invested in government bonds only. Asset owners from 23 countries are reacting differently to inflation expectations, with almost half already hedging their portfolios but 20 per cent consider inflation is unlikely. Last month, I covered the Caisse and CPPIB's performance updates and stated the following: [..] I typically don't cover CPPIB's quarterly results or la Caisse's mid-year results. PFZW publishes an annual report every year. Employees in Canada over the age of 18 contribute either to the CPP or to its sister plan, the Quebec Pension Plan (QPP). English reports. Learn more about how we’re working to provide you with financial and retirement planning tools so you can make informed decisions about your retirement. Fiscal 2021 Quarterly Reports 1st quarter fiscal 2021 Q1 F2021 Results – Highlights 2nd quarter fiscal 2021 Q2 F2021 Results - Highlights. Dreier was attempting to close a sale of forged Ontario Teachers' promissory notes, worth $44.7 million USD, by meeting with the buyers right in the Ontario Teachers' offices. Ontario Teachers' was established on Jan. 1, 1990. The best-performing state plan returned 7.1 per cent over that decade. A receptionist in the Ontario Teachers' offices had become suspicious and notified Toronto police, who promptly arrested him. As such, we regularly disclose our financial results through annual and quarterly reports. Fiscal 2021. After all, it’s what goes back to the members that matters. Since 1990, 78 per cent of the pension funding has come from investments, 12 per cent from government and employer contributions, and 10 per cent from member contributions. The mix of fixed and variable compensation varies by role, with the more senior leaders having a higher percentage of variable pay; for example, for the CEO and CIO, the mix is LTIP (37.5 per cent), AIP (37.5 per cent) and base salary (25 per cent). Read our comprehensive overview of HOOPP's 2017 Annual Results. OTPP key data Assets: C$201bn (€137bn) 80% managed in house 104% funded as of January 2019 Jo Taylor to succeed Ron Mock as CEO from January 2020 Five-year annual return of 8% to end-2018 Annual total fund net return since 1990 of 9.7% 2.5% return in 2018 (6.3% 1H 2019) Annual Reports 2018 Your Future is Our Everyday View Online. Through its private equity investment arm, Private Capital, Ontario Teachers' owns or has had interests in companies such as Munchkin, Plano and Shearer's Foods. It covers the mid-year results in more detail. Whether we’re investing, providing service, or advocating for retirement security, our commitment to our members comes first. Funded Status Reports and Annual Reports. 2017 Annual Report. "We Lead. By. Annual reports Close Home About OPB Investments Annual reports. Annual Reports OTP Bank's Annual Reports shall be available for downloading as Adobe Acrobat files. 2018 Year in Review. The plan administers the pensions for some 184,000 teachers, principals and school administrators, and it pays pensions to some 145,000 retirees. Archival copies of HOOPP's past annual reports (in PDF format) are available for the following years: 2018 Annual Report. Each year, a small percentage of the year’s total net value added forms an LTIP pool, which is allocated to individuals’ notional accounts. In 2016, Ontario Teachers’ Pension Plan (OTPP) paid staff more than C$360 million ($276 million) in compensation. billion. Consistent with the fact the vast majority of assets are managed in-house, salaries dominate investment expenses. Here to lead. But it’s the way OTPP structures its salaries, including strict benchmarking and design principles, that make this an interesting story. It employs 1100 people in its offices in Toronto, London and Hong Kong, and another 1500 in its real-estate subsidiary, Cadillac Fairview. Please don’t hesitate to contact us if you would like to discuss our fundraising practices in more detail: info@ontarioturtle.ca or 705-741-5000. Depending on the job function, the annual incentive plan (AIP) for executives is a combination of: fund performance, division performance, four-year total fund performance, four-year investment department performance, and individual performance. We pivoted to a digital event offering, introduced podcast series and created a COVID-19 research hub. See our annual reports, responsible investing reports and other publications. Here we launch our campaigns, and encourage you to be a part of them. Each employee’s incentive pay is designed around the risk budget and the board approves the active risk allocations, which in turn establish expected annual dollar value-added performance goals each year. White is responsible for the content across all Conexus Financial’s institutional media and events. (Note: the 2017 OTPP annual report will come out in April). Of CEO Mock’s total compensation of C$4,087,974 in 2016, for example, the largest component was the long-term incentive payment of C$2,208,000. I obviously cannot cover the entire report … OTPP has the advantage of being a relatively new organisation, at least compared with some pension funds globally, such as the largest fund in the US, California Public Employees’ Retirement System (CalPERS), which is more than 85 years old. The company lost $1.8 billion in 2018, the first full year under new CEO Dara Khosrowshahi, according to the company’s select financial results for 2018 released on Friday. Report of the Secretary-Treasurer to the Annual Meeting of the Board of Governors of the Ontario Teachers’ Federation, August 25, 2020 . 2017 Annual Report . Share A-A + 100%. HOOPP Annual Report, Fully Committed, details another strong year for fully funded plan The Healthcare of Ontario Pension Plan (HOOPP) has posted its 2013 Annual Report , Fully Committed, on hoopp.com, detailing a strong year in which the fully funded plan had returns of 8.55 per cent. Annual Report (PDF) Responsible Investing Report (PDF) Invested site; Major Investments; 2019 Annual Results Highlight Video; Follow OTPP on Facebook, Twitter and LinkedIn Further demonstrating that the incentive scheme aims to align employees with the total plan, staff can choose to allocate all or part of their AIP to a total fund plan, a private capital plan, or a combination of the two, for up to two years. Plan Performance and 2019 Annual Report. As such, we regularly disclose our financial results through annual and quarterly reports. $94.1. The account earned 4.24 per cent, consistent with the total fund performance that year. Take the time to read OTPP's 2018 Annual Report, it's truly excellent and packed with great information. Chris Glynn - 4 April 2013. Ontario Teachers' owns and manages a diversified portfolio of Canadian and international assets. Also, take the time to read OTPP's 2019 Annual Report, it's extremely detailed and very well written. OTPP owned 23,286,237 shares, around 16.48% ownership, in Macerich as of the 2019 annual report, which totals around US$ 627.3 million at year-end (based off of close price Dec. 31, 1999). The $345 billion CalPERS, which admittedly has a very different governance structure, including a lay-person board and a government-imposed cap on salaries, has the vast majority of its assets private equity and real assets managed externally and does not have anywhere near the proportion of direct or private assets that OTPP does. In contrast, the average 10-year investment returns for US state pension plans to June 30, 2016, was 5.7 per cent. News Release Uncategorized / 2018 Annual Report. There are other design rules, too, like an upper limit on annual payments and clawback provisions for wrongdoing. There’s no question the staff at OTPP are paid handsomely, but the incentive structure that has them rewarded through, and invested in, the total fund is a sophisticated alignment of interests. Benefit security. At Ontario Teachers’, we never stop learning. Annual reports Explore our Year in Review microsite to read about OPB’s key accomplishments and how we’ve served you, our valued members, in 2019 and download the 2019 Annual Report. Annual Report of the Canada Pension Plan 2017 to 2018. Now, take the time to carefully read the full 2017 Annual Report which is available here. 2019 Annual Report (PDF) 2018 Annual Report (PDF) 2017 Annual Report (PDF) Many other funds have grown up with more complexity, legacy issues – and in some areas naivety around these tenets – than the slick operations of OTPP. Learn more about how we’re working to provide you with financial and retirement planning tools so you can make informed decisions about your retirement. Corporate Annual Report. The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario)[5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. The benefit of this youth is a clean sheet of paper to design an organisation that can be fit-for-purpose and capitalise on governance best practice. The most important attachment is OTPP's 2018 Annual Report but I also enjoyed reading the 2018 Responsible Investing Report. Click here for a list of Ontario Turtle Conservation Centre’s board members. SHARE: Investment Management Corporation of Ontario 16 York Street, Suite 2400 Toronto, ON M5J 0E6. All the Right Elements – 2018 Annual Results 1,897 views 1 year ago 2018 was a solid year for Ontario Teachers’, despite challenges in the global economy. Fiscal 2021. [13] On December 4, 2008, Dreier was indicted by the United States Justice Department for successfully executing a similar corporate officer 'impersonation' routine, including bluffing his way into using the momentarily vacant CEO's office of one 'selling' firm for a meeting with the buyer, to sell forged financial instruments on at least two occasions in New York. OTPP owned 23,286,237 shares, around 16.48% ownership, in Macerich as of the 2019 annual report, which totals around US$ 627.3 million at year-end (based off of close price Dec. 31, 1999). 2017 10 Together View Online. In addition to being the editor of top1000funds.com, she is responsible for directing the bi-annual Fiduciary Investors Symposium. 8 salaries. Ontario Teachers’ net assets at $207.4 billion at year-end 2019. Access portfolio reporting and more from PSP Investments. In this overview you can read how PFZW performed, what the financial situation was and a lot of other insights about the company in 2019. Ontario Teachers' is one of Canada's largest institutional investors having reported $207.4 billion in net assets on December 31, 2019. The stock has a 52-week high of US$ 44.73 (US$ 1.04 billion value) but in early April 2020 is trading for around US$ 6 per share. In November, the Board once again approved 100% inflation protection for implementation on April 1, 2019. 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